Insas 30 sen selling for a ringgit has Gloves. Glove counters flying.

Dino 🦕🦖 all extinct already.

@MrSslee, can't compare PPHB with Insas. PPHB smaller capital base, less free float, controlling shareholders own more than 33%, Company can do SBB. Insas share price been suppressed. Although Insas' is much superior, PPHB share price can overtake Insas because Insas just isn't performing.

Hahaha @ MrSslee, no Japanese sounding name company for China.

Ninja still recording operating loss, that's why listing deferred until such time there's profit. Just checked Ninja Van is regional operating in Singapore, Malaysia, Indonesia, Thailand, Philippines, Burma. Might enter China?

MMC was taken private when the stock market was in bear phase I think.

Ninja Van is Singapore company, have gone regional I think with operations even in Indonesia and Philippines, need to check. With Ali Baba entering as shareholder definitely going into China.

I have been in and out of Insas since 2016, that's 8 years.

Thong has a wonderful chance to trigger MGO at 90 sen.

@UncleFollower, isn't it obvious in Insas it's left hand to right hand then back to left hand hoping to draw in the water fish.

Insas will make Thong very, very rich at the expense of the minorites.

Insas can't do SBB because of Thong.

Insas is more like a capital venture company, it tries to put its fingers in many pies.

I read a lot.

For those who don't know I want to reveal here that Insas has a minority stake in Ninja Van. Lately Ali Baba has emerged as a shareholder in Ninja Van. Ninja Van is scheduled to be listed in Singapore stock exchange.

Insas tried that on glove manufacturing I think, during Covid.

@UncleFollower, back in January Insas was such an exciting stock.

Currently for a stock to really fly, it needs to have some connection with data centre. If Insas were to announce something on data centre, sure fly.

I think MrSslee is fed up with Insas BOD.

Insas going to report good quarterly results this month but definitely no surprise dividend. Insas NTA will go further up. Buy before the results?

@MrSslee, you did manage to sell some Jayatiasa at RM1.50 level recently. Insas, as we know, RM1.50 susah.

After OCBC Bank takes 100% control of Great Eastern they might decide to list Great Eastern Malaysia in Bursa, hahaha.

Relative to most other stocks Insas isn't performing.

@UncleFollower, spread your investment, don't be too heavy on one stock.

You still holding your 200,000 shares?

I can sell off my 3,000 Insas shares which i bought at 1.03 at the same time as you did.

Insas will be receiving dividend of S$0.42 (RM1.47) per share from OCBC Bank on 21 May.

Stock market everywhere is higher in March 2024 compared to December 2023, there will surely be gains. Unfortunately minority shareholders don't gain this through Insas share price.

Those targets set by Investment Banks?

How much of the investment in listed equities Singapore equivalent RM102,361,000 is in OCBC Bank?

Back in 2018 I was hoping Insas will be good to me again and of course Insas was good to me again not only a second time but a third time, ended up making a four fold gain.

@speakup, go dig up the old Annual Reports of Insas and read through every page. If you are sharp, you will see OCBC Bank mentioned.

Posted by TheContrarian > 2018-07-29 04:40 | Report Abuse

I bought Insas at 65-66 sen in 4 tranches from June to Nov 2016 and sold off all at 1.06 and 1.10 in 2 tranches in June/July 2017, that's a gain 66%. Even received a 1 sen dividend. Sometime this year I started buying back at 80 sen down to 77 sen. Sometimes timing is important to maximize gain rather than buy and hold for forever. Insas has been good to me and will be good to me again.

I found an old posting of mine way, way back in 2018.

Insas owns OCBC Bank shares which owns Great Eastern shares, so Insas owns Great Eastern shares, hahaha.

Great Eastern shares will bring in RM426 million. SBagan enlarged share capital will have 93.5 million shares, that's RM4.55 per share.

On 3rd May managed to grab some Eksons at 0.485.

And I hereby declare that I intend to buy more SBagan shares at the right price at the right time.

And I want to disclose currently I own some shares in SBagan but none in Kuchai.

For those who don't know, Insas owns some shares in OCBC Bank which owns Great Eastern.

4.76 million Great Eastern shares will all now be with SBagan, Kuchai has sold off all to SBagan.

@MrSslee, let SBagan price cool off first. Any huge special dividend will only be declared months later after OCBC Bank completed the general offer of Great Eastern shares. Short term players have taken position last Friday and they will eventually sell. I feel best not to rush in and wait for price to fall back and stabilize. Monday price might spike based on The Edge write up.

In his mind Thong could be thinking that the minority shareholders didn't contribute to enhance Insas' value so they don't deserve it.

Thong could have shared Insas' wealth with the minorites if he wanted to but sadly .........

@MrSslee, got to give it up, treat Insas as a trading stock, buy when it's cheap enough, sell when all the so-called masters/sifus get excited.

Back in 2018 Insas value already RM3 but ...... how come Insas market price never went beyond RM1.35 in the past 6 years?

When Thong exercises 230 million warrants he is obliged to make a mandatory general offer (MGO) for all Insas shares at 90 sen per share. As the MGO will fail Thong will only own slightly above 50%. Insas share price can continue to be suppressed thereafter for several years until one day Thong will propose a Selective Capital Repayment to privatize Insas.

Foreign funds flowing into Asia stock market including KLSE, so CI will continue to rise.

The idea of Thong exercising 230 million warrants at exercise price of 90 sen is to take his shareholding over 50% in a blink of an eye. This is the cheapest method for him to cement his hold on Insas officially. After that he will privatize Insas and own Insas 100%.

@speakup, over the years more and more people having been trapped learn of the term "value trap".

Insas has new target price, RM1.80.